Ralph Lauren footwear business impacts Reebok International Q3 results
Oct '05
The third quarter 2005 results were impacted by an after-tax gain of $49 million from the sale of the Company's Ralph Lauren Footwear business and $2.5 million of costs pertaining to certain legal and other expenses associated with the proposed merger with adidas. In addition, the Company's operating results were affected by the previously announced integration of The Hockey Company into the Reebok Brand and from the Company's previously announced plans to reposition its business with Footlocker Inc, as well as Footlocker's efforts to reduce their inventory levels over the balance of 2005.
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Reebok International Ltd, headquartered in Canton, MA, is a leading worldwide designer, marketer and distributor of sports, fitness and casual footwear, apparel and equipment under the Reebok, Rockport, CCM, JOFA, KOHO and Greg Norman Brands. Sales for 2004 totaled approximately $3.8 billion.
Reebok International Ltd
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